The E-Mini Russell 2000 is giving me conflicting vibes about future direction. While lower timeframes indicate a downside reversal to come, the daily chart suggests a little more upside could be seen. Let’s take a look.
Tempur-Pedic ($TPX) looks like a buy – both as a stock and as a mattress. $TPX has traded in a highly predictable manner within a clearly established range since March…and looks poised for another bounce!
PivotBoss.com turned 1 month old last week and I wanted to say thank you for all the positive feedback the site has received. Also, with tongue-in-cheek, I’ve compiled a list of PivotBoss.com’s Greatest Hits – so far!
I hope you all had a great Fourth of July and are relaxed and ready for some market action, because the Philadelphia Semiconductor Index ($SOX) looks rested and ready for a breakout. I have three reasons to watch this index for big movement today.
The major market indexes have been testing price levels below critical support areas over the last two days, but some indexes are beginning to show signs of life – including the Russell 2000 Index. The $RUT has high concentrations of support confluence that could lead to a big bounce in this index. Let’s take a look!
